Paul Weiss Wins Severance Spat With Citi Honcho

Law360, New York (August 6, 2007, 12:00 AM EDT) -- A federal judge has tossed ex-Citigroup broker David Trautenberg's suit against Paul Weiss Rifkind Wharton & Garrison LLP over an alleged conflict of interest that cost him the hefty severance he had been expecting.

Judge George Daniels of the Manhattan district court dismissed the suit Thursday, saying Trautenberg had failed to show sufficiently that Paul Weiss's actions had been the cause of his disappointing compensation package.

Trautenberg, who helped Bernard Ebbers accumulate huge loans before the WorldCom bust sent Ebbers to jail, said in his December...
To view the full article, register now.